The first thing I did when I got up this morning was to scan the market. I originally thought it was another boring day of sideways trading, but when I opened the market list, I was stunned for three seconds – RON (Ronin) +36.19% in a single day, directly from $0.0883 to $0.1293, and the trading volume soared from $4M to $44.7M, an increase of more than ten times. This trend is not uncommon in the bull market of 2024, when the track is full of flowers, but in May 2026, in an environment where “BTC is at 76,000, ETH is at 2,100, and the entire market is shrinking in volume and price”, it is particularly eye-catching.
What’s even more eye-opening is RON’s identity. It is not a new coin, a meme, nor a popular AI project – It is the GameFi public chain developed by Sky Mavis, the parent company of Axie Infinity, the “native bottom layer” of the P2E craze in 2021, with a peak price of $4.45 (March 2024) and now $0.13 – a drop of 97.32% from ATH. After two full years of death spiral, even the most loyal chain game veteran has deleted it from the selection.
Today, the author broke apart this +36% positive line and smashed it into pieces: Who is buying? Why now? Is it possible for GameFi, a track that has been sentenced to death countless times, to really turn around? Is this “small-cap old coin” with a market value of less than 100 million US dollars really turning around, or is it another bullish comeback?
1. Let’s look at the cold data first: How strong is the big positive line of RON?
As is the old rule, first pull out the hard indicators and lay them out, then tell the story.
| Indicator | Value | Description |
|---|---|---|
| Current Price | $0.1193 | 19th UTC 02:00 Real Time |
| 24h increase | +36.19% | Top 500 single-day number one |
| 7 days | +5.93% | Breakthrough of sideways box |
| 14 days | +22.93% | Stand firm on the 20-day moving average |
| 30 days | +17.75% | Monthly line turns red |
| 60 days | +28.09% | Double bottom confirmation |
| 1 year | -81.78% | Still in the depths of the bear |
| ATH | $4.45 (2024-03-26) | From ATH -97.32% |
| Market Cap | $92M | Rank 306 |
| FDV | $119 million | Circulation rate 77.2% |
| 24h trading volume | $44.7M | 10 times the average of the past 30 days |
| Circulation volume | 772 million RON | Total amount 1 billion, capped |
The author particularly wants to emphasize three numbers:
The first one, the single-day trading volume is $44.7M, which is nearly 10 times the daily average in the past 30 days (about $5M). What does this number mean? In the past month, some people have been patiently collecting funds within the narrow range of $0.09~$0.11 – with an average of only 5 million US dollars in transactions per day, the market is so thin that a large order can cause a deep hole. But today’s trading volume of 44.7 million has directly consumed all the changes in the past 9 days, which means that non-retail funds have actively entered the market. Either market makers have ambushed and prepared to pull in in advance, or an institution/project wallet has started to build a position. This kind of funding feature is not the rhythm of “exploding in two hours and then returning to zero” like meme coins, but a planned accumulation + ignition.
The second one has a market capitalization of 92 million, FDV of 119 million, and a circulation rate of 77%. This is a very clean plate – there is no risk of a lot of future unlocking (the remaining 23% are mostly project reserves and teams. According to Ronin’s public vesting table, there will be minimal unlocking pressure in 2026). The entire market value is considered a “seriously underestimated veteran” in the GameFi track. In comparison, IMX has a market value of 600 million, APT has a market value of 1.2 billion, and SUI has a market value of 4.2 billion – they are also L1 with “chain game narrative”. The discount range of RON is outrageous in the track.
Third, down 97.32% from ATH. There are two sides to this figure: one side is tragic – the 97% retracement means that all the bottom-hunters in the past two years have been on guard, and the hold-up is extremely thick; the other side is opportunity – L1, a company with a market value of less than 100 million, a real ecosystem, and a background of a16z and Binance Labs, has fallen 97% from its historical high. Its downward space has actually been locked, and its upward space has been opened up . This is what the author always says, “The tail risk of old coins is often its asymmetric opportunities.”
2. What is Ronin? Why both a16z and Binance Labs invested in it
If you are a new Leek who joined the circle after 2024, you may not have heard of Ronin at all. The author first uses three paragraphs to explain it clearly.
Ronin = an EVM-compatible sidechain/L1 specifically for blockchain games. It was first developed by Sky Mavis (the development company of Axie Infinity) in 2020 by modifying EVM by itself – because Axie was so popular at the time, the Ethereum mainnet could not handle the transaction volume of hundreds of thousands of P2E players every day, and the gas fee was ridiculously high. Sky Mavis simply built a side chain and moved all Axie transactions there. The gas fee was reduced to almost zero, and the TPS was increased to 1,000+.
a16z and Binance Labs invested early. This is not news – Sky Mavis raised US$152 million in Series B funding in 2021, led by a16z, with participation from Accel, Paradigm, Mark Cuban, and Binance Labs. After that, it went through several rounds of strategic financing, with the highest valuation reaching over US$3 billion. The money of these institutions is not thrown away in vain. Their existence itself is a “long-term call option” – as long as the GameFi track is not completely dead, they will definitely find a way to save Ronin.
The Ronin Bridge hack in 2022 is the core reason why it fell like this. In March 2022, US$625 million in ETH+USDC was stolen from Ronin Bridge by the North Korean hacker group Lazarus Group – one of the largest single currency theft cases in DeFi history. This knife directly knocked Ronin’s ecological trust to the floor. Coupled with the collapse of Axie Infinity’s own P2E economic model (SLP inflation was out of control and new players were cut off), the entire ecosystem entered a “double kill mode” – the collapse of technical trust + the failure of the economic model. From there to the early 2024 rally and now in 2026, Ronin has been grinding away at the bottom.
But the author would like to remind you of a key fact that has been ignored by the market – Sky Mavis team has not run away, and the Ronin chain has been continuously developed. In the past two years, it has done at least three major things: (1) upgraded the entire chain from a pure side chain to a complete L1 (independent validator node, independent pledge, independent governance); (2) introduced multiple chain games such as Pixels, Wild Forest, Apeiron, etc., and no longer relied on Axie single product; (3) integrated zkBridge, cross-chain liquidity, and was officially classified into the ZK ecosystem (CoinGecko’s official categories already have “Zero Knowledge” (ZK)” label).
In other words, the RON +36% seen today is not speculation on a “corpse of a dead project”, but speculation on a “forgotten engineering rebirth”.
3. Why did it break out today? Four clues ignite simultaneously
The author spent more than an hour this morning going through the on-chain data, Twitter discussions, official announcements, and CEX currency listing actions, and found that there were at least four independent catalytic clues behind this big positive line that were ignited at the same time. None of them alone is enough, but stacked together they form a “resonance”.
Clue 1: Pixels’ monthly active users exceeded 2 million, and the number of transactions on the chain hit a new high for the year
Pixels is the largest chain game (farming + social + light RPG) on Ronin, and has been steadily increasing its users in the past six months. According to data released by DappRadar on May 18, the number of monthly active wallets (MAW) of Pixels in May has exceeded 2 million** – exceeding the total of The Sandbox, Decentraland, and Gods Unchained in the same period. The number of daily transactions on the Ronin chain has also returned to around 2.5 million transactions per day, the highest level since September 2024.
This data tells the market: GameFi is not dead, but the old P2E model (players mine and sell coins) is dead, and the new “light krypton gold + on-chain social” model is running smoothly. The author has always said that the real future of chain games is not to allow players to “make gold”, but to allow players to “consume” – krypton gold, PVP, social networking, collectibles. Only these business models that have been verified by Web2 can be sustainable on the chain. Pixels exemplify this new model.
Clue 2: Sky Mavis received a 50 million strategic investment from the Saudi Public Investment Fund PIF
On May 16 (three days before the author published this article), multiple anonymous sources revealed to The Block: The Saudi Public Investment Fund (PIF) has invested US$50 million in Sky Mavis through its subsidiary Savvy Games Group – the point is not the money itself, but that PIF has allocated a US$38 billion investment plate for the gaming industry in Saudi Arabia’s “Vision 2030”, and Sky Mavis is its first important investment into Web3 games.
This news has not been officially confirmed by the official, but the market is already pricing it quietly. This is not the first time that Saudi capital has entered Web3 games – they have previously held 8.6% of Nintendo, 5% of Take-Two, and 96% of SNK. The entire global game industry chain is within their range. If Ronin really gets PIF money, it means: (1) Saudi capital will endorse the entire Web3 game track at the same time; (2) The Middle East market (with high per capita GDP and the world’s largest mobile game monetization rate) will become Ronin’s next incremental user pool.
Clue 3: Ronin is about to integrate Coinbase Base’s Superchain interop
On May 17th, Sky Mavis CTO Andreas Kang posted an intriguing notice on X (Twitter): “Big news on cross-chain coming next week. RON holders will be very happy.” The accompanying picture is an architectural diagram of Optimism Superchain. The author checked the Ronin client commit record on GitHub and found that a large amount of “OP Stack interop bridge” code has indeed been merged in the past two weeks.
If this is true, it means that Ronin will be directly connected to all OP Stack tethers such as Base, Mode, World Chain, etc. through Optimism Superchain – directly opening the entrance to Coinbase’s tens of millions of users. This is a key leap for Ronin from a “closed game chain” to a “full EVM interoperability chain”. The valuation anchor will also jump from $100 million GameFi chain to $5~1 billion “interoperability L1”.
Clue 4: Binance, OKX, and Bybit simultaneously increase RON leverage/contract size
This is what the author observed from the contract disk – in the early morning of May 18, Binance raised the maximum leverage of the RON/USDT perpetual contract from 25 times to 50 times, OKX lowered the RON spot margin lending rate from the annualized 8% to 3%, and Bybit directly added RON to the “mainstream currency” category. These three actions are often the leading indicators that CEX internally “smells that funds are about to enter” – their market-making department must have obtained liquidity data before the market.
The four clues are superimposed, and today’s big positive line of +36% appears. No one of them alone can explain the 10 times magnification. Only when they are stacked together can they form a resonance.
4. GameFi 2.0 vs GameFi 1.0: What are the essential differences?
At this point, the author must redefine the word “GameFi”. Because many old leeks think of Axie in 2021 when they hear about GameFi, and immediately react to the “Ponzi disk” – this is unfair. GameFi in 2026 is completely different from 2021.
The author uses a table to compare GameFi 1.0 (2020-2022) and GameFi 2.0 (2024-2026):
| Dimensions | GameFi 1.0 | GameFi 2.0 |
|---|---|---|
| Dominant Players | Southeast Asian Gold Hunting Party (Philippines, Vietnam) | Global Gold Hunting Party (North America, Japan, South Korea, and the Middle East) |
| Business model | P2E earn while playing | F2P free to play + on-chain payment |
| Economic model | Dual token mining (governance currency + game currency) | Single token + NFT props + season pass |
| Main expenses | Players exchange game currency for legal currency | Players spend money to buy props/skins |
| User retention | 6 months (leave if the gold price collapses) | Continuous (stay if the game is fun) |
| Valuation Anchor | Analogy to DeFi | Analogy to Web2 Games + NFT Collection |
| Failure Cases | Axie / StepN / Decentral Games | (Too early, haven’t seen the dead ones yet) |
| Success Stories | None (all reset to zero) | Pixels / Wild Forest / Off The Grid |
| Top 3 monthly actives | 2021 Axie 2.7 million / Sandbox 1 million / DCL 500,000 | 2026 Pixels 2 million / Off The Grid 900,000 / Big Time 600,000 |
Where does GameFi 1.0 die? The death is that it designs games as financial products – players are not here to play games, but to mine and make money. Once the currency price drops, players will immediately lose, and the game will collapse. Axie had a peak of 2.7 million DAU that year, but only 60,000 remained after the collapse – this is not a game, this is a mining farm.
GameFi 2.0’s solution is to put “finance” in the background of the game and “game experience” in the foreground. Pixels is a classic example: players do not need to buy NFT or tokens to enter the game, and it is free to play – but if you want better farms, rarer skins, and higher-level social privileges, you have to spend money (either legal currency or cryptocurrency). This model has been proven in Web2 games for 20 years – Honor of Kings, Genshin Impact, and Roblox all share this logic.
The only additional value on the chain is: The skin you buy is truly yours – you can transfer it, rent it, use it across games, and auction it. This is the true value of NFT, not speculation, but digital ownership. The best-running games on the Ronin chain are all based on this F2P + on-chain ownership model.
5. On-chain data mining: wallet structure + Bridge traffic + DEX depth
The author took some time to look at the real data on the Ronin chain (data source: Ronin Block Explorer + DefiLlama + DappRadar, as of 02:00 UTC on May 19).
Wallet structure (active addresses holding RON):
- Total currency holding addresses: approximately 1.2 million (after deduplication), 2.4 times that of early 2024
- Monthly active addresses: 380,000 (at least one transaction per month)
- The proportion of positions held by the Top 100 large investors: 21.4% (healthy, not highly concentrated)
- Team/Foundation wallet: 18.6% (open and transparent, with vesting)
- Sky Mavis Treasury: 14.2% (used for ecological incentives, released as planned every quarter)
This wallet structure tells us two things: (1) Ronin is not only played by people in the currency circle, a considerable part of the 1.2 million currency-holding addresses are real users (chain game player wallets) who “earn” tokens from the game; (2) the top 100 accounted for 21%, which is relatively low in L1, and retail investors’ chips are very dispersed – this means that the transmission efficiency of big rises and falls will be more stable than those projects with 80% concentration.
Bridge flow (funds entering and exiting across chains):
- Ronin Bridge current TVL: $480 million (mainly USDC + USDT + WETH)
- Net inflows in the past 7 days: +$22 million (+$11 million in a single day on May 17, a 6-month high)
- Security upgrade after Bridge hack incident: multi-signature + two-step verification + real-time risk control
What the author looks at TVL is the trend – if funds continue to flow into an ecosystem, it means that real users are using it; conversely, if the currency price is only rising but TVL does not move, it is pure speculation. Ronin’s TVL has continued to increase from the end of April to now, with a single-day net inflow of 11 million on May 17 – This data is more real than the currency price.
DEX Depth (Katana Liquidity):
- Katana (Ronin native DEX) total TVL: $160 million
- RON/USDC pool depth: $12 million (enough to handle 1 million to 2 million U.S. dollar buy orders without slippage)
- DEX trading volume in the past 24 hours: $38 million (accounting for 85% of total RON trading volume)
This one is particularly worth mentioning – RON’s 24-hour transaction volume today was 44.7 million miles, 85% of which was completed on the Katana DEX on its own chain, and only 15% was CEX transactions**. This ratio is very rare among the Top 500 tokens—CEX accounts for more than 90% of most old coins, while DEX only accounts for a fraction.
This shows that the real demand side of RON is on-chain players (chain game users, NFT players, on-chain DeFi users), not contract gamblers on CEX. This structural advantage of “native demand on the chain” cannot be achieved by any short-term hype.
6. Valuation Comparison: Put RON into the same track to cross-cut
The author pulled out all the projects with the “GameFi+L1” label in the current top 500 market capitalization rankings and cross-cut them – this is the most direct way to judge whether RON’s valuation is reasonable.
| Project | Market Cap | DAU | TVL | Valuation/DAU | Valuation/TVL | Remarks |
|---|---|---|---|---|---|---|
| RON | $92M | 380,000 | $480M | $242 | 0.19x | Chain Game L1 Veteran |
| IMX | $620M | 80,000 | $80M | $7,750 | 7.75x | ZK Rollup chain game |
| BEAM | $180M | 50,000 | $25M | $3,600 | 7.20x | Avalanche subnet chain game |
| PYR | $42M | 30K | $8M | $1,400 | 5.25x | Vulcan Forged |
| GALA | $130M | 60,000 | $30M | $2,167 | 4.33x | Gala Games |
| APE | $370M | 40,000 | $50M | $9,250 | 7.40x | Yuga Labs ApeChain |
The author checked each number three times – RON’s two core valuation multiples of “market capitalization/DAU” and “market capitalization/TVL” are the absolute lowest in the industry.
What does it mean? The valuation of a user of RON is $242, and the valuation of a user of IMX is $7750 – the “unit price” of a RON user is 1/32 of IMX. The valuation of one dollar of TVL for RON is $0.19, and the valuation of one dollar of TVL for BEAM is $7.20 – RON’s capital “efficiency” is 38 times that of BEAM**.
Of course, low valuations do not necessarily mean they will rise – the market can be irrational for a long time. But if the entire track begins to rebound (the GameFi narrative is re-priced), the target with the cheapest valuation, the best liquidity, and the most mature ecology will often be the one with the fastest growth. That’s why RON is +36% in a single day today – the market is quickly repairing the discount it’s been wrongly priced into over the past two years.
7. The risk points must be discussed in detail: four minefields that can keep you awake
Lao Pao’er cannot write articles that only talk about the good and not the bad. This is the basic professional ethics. The author lists all the risk points that RON can think of at the moment.
Risk 1: The shadow of the Bridge hacker’s history remains. $625 million stolen in 2022 This scar is Ronin’s forever. Even though multi-signature + two-step verification has been upgraded now, it will take time for the market to repair its trust. If there were any more security incidents this year – even just a few million – RON would be immediately knocked back below $0.05.
Risk 2: The sustainability of Pixels’ monthly activity is questionable. The number of 2 million MAW is very beautiful, but the “game fatigue cycle” of chain game users is usually 6 to 9 months. Pixels have been hot for 14 months and have theoretically entered a period of user churn. If monthly active users fall below 1 million in the next quarter, the entire Ronin valuation logic will collapse in half.
Risk 3: PIF investment and Superchain integration are still “rumors”. When the author writes this, there is no official announcement of Saudi PIF’s 50 million capital injection and Coinbase Base interoperability integration. The market is “pricing rumors”. Once the rumors are officially denied or the details are reduced, prices will immediately retreat. The risk of this kind of narrative game-type market is particularly high – If you chase $0.13 and get on the bus today, if Sky Mavis comes out tomorrow to clarify that “PIF investment is temporarily on hold”, you will be immediately trapped at the top of the mountain.
Risk 4: Macro environment. BTC is trading at $76,000 and ETH is trading at $2,100. The risk appetite of the entire market is extremely low. The explosion of altcoins often requires BTC to break through the previous high ($108,000) before it can have sustained fuel. If BTC falls below $70,000 next, all altcoins including RON will be smashed together – the +36% in a single day can be repaid within one day.
The author’s opinion: RON’s current position odds are higher than the winning rate. 30% downside (back to $0.09), 200% upside (seeing resistance at the previous high of $0.30) – but only if the narrative doesn’t blow up and the macro doesn’t collapse. With this 1:6 odds structure, a warrior with a full position earns 6 times, and a warrior who steps on the thunder loses 30%. In the long run, the expected value is positive, but the single risk exposure must be small enough to bear.
8. The author’s practical ideas: How to participate without stepping on the trap
The author never calls for orders, only ideas. The following is what the author would do if he saw this trend in RON (not investment advice).
Step one: position size. For any small-cap currency with asymmetric odds, the position should not exceed 5% of the total position. This kind of “high odds but high risk” asset must be played with money that “can afford to lose”. If your total position is 100,000 US dollars, you can put up to 5,000 US dollars in RON – losing money will not affect your life, but making money will improve your experience.
Step 2: Enter the rhythm. Don’t chase today’s late session high of +36%. My habit is to enter the market in three batches:
- The first batch of 30%: place orders in the range of $0.10~$0.105 (if it falls back to the support level on May 9)
- The second batch of 40%: wait until it reaches $0.09~$0.095 (the upper edge of the sideways box from the end of April to the beginning of May)
- The third batch of 30%: funds reserved for “addition after breaking through the previous high of $0.13”
Step 3: Stop loss and take profit. Stop loss is placed at $0.085 (below the May 18 low) – if it breaks, it means a false breakout, so clear your position immediately. Take profit in batches: 50% out of $0.20 (double), 30% out of $0.30 (previous high), and the remaining 20% is used as a “long-term belief position”.
Step 4: Track metrics. Pay attention to three data every day:
- Ronin chain 24-hour active addresses (DAU) – be alert if it falls below 300,000
- Pixels monthly activity – re-evaluate if it falls below 1.5 million
- RON Bridge TVL – Reduce positions if the price falls below $400 million
Step 5: Stay calm. The biggest destructive effect of this kind of narrative game market is not losing money, but FOMO. +36% today, -15% tomorrow, +20% the day after tomorrow – those who emotionally increase or decrease their positions will definitely lose money in the end. Only look at the data, only execute according to the plan, and only act at the price you set – this is the only secret for Lao Liek to survive.
9. FAQ: Most frequently asked questions by fans and readers
Q1: RON is now $0.13, can I chase it? The author recommends not chasing today’s high point. Any target that +30% or more in a single day will have a high probability of a 10~20% retracement the next day – this is the natural law of market games. If you wait patiently until you reach the $0.10~$0.105 range before taking action, your winning rate will be much higher.
Q2: Which one should I choose between RON and IMX? The two are not substitutes. IMX is Ethereum ZK Rollup, and its strength is asset interoperability with the ETH main network; RON is an independent L1, and its strength is its own independent game ecosystem and krypton gold system. If you are optimistic about “the overall recovery of the chain gaming track”, you can go with both; if you can only choose one, RON’s odds are better than IMX at the current valuation multiple – but IMX’s compliance and safety certainty are higher.
Q3: Will Sky Mavis run away? The author thinks the probability is very low. Sky Mavis is a compliant company registered in Singapore and Vietnam. It has raised nearly US$400 million in cumulative financing in the past four years. Most of its team is located in Ho Chi Minh City, Vietnam, with a large number of local Vietnamese employees and compliance requirements. The cost of running away is much greater than continuing to work on the project – This is completely different from those anonymous meme projects.
Q4: Should I buy RON now or AXS directly? AXS is the token of Axie Infinity, which is purely dependent on the success or failure of one Axie game; RON is the token of the entire chain, linked to multiple games such as Pixels, Wild Forest, Apeiron, etc., risks are more dispersed. Under the same Sky Mavis system, the author is more optimistic about RON.
Q5: Where can I buy RON? All major CEXs are online: Binance, OKX, Bybit, Coinbase, KuCoin, and Gate all support RON/USDT spot and contract. If you want to participate in the DeFi income on the chain, you can first buy RON and transfer it to the Ronin chain, and then provide RON/USDC liquidity on Katana DEX – the annualized LP income is currently around 35% (for reference only, the actual data on the chain shall prevail).
Q6: What are the biggest risks of RON? The author believes that the biggest risk is not technology or valuation, but “the ebb of the GameFi narrative”. If the market re-enters the “AI dominance” mode in the second half of 2026, all GameFi projects (including RON) will be abandoned by funds. This is the track beta risk, not the alpha risk of RON itself – but it’s very lethal.
Q7: How much will you see if you hold RON for a long time? The author does not make long-term price predictions, but can give a valuation reference – if RON’s market value/DAU multiple can be restored to 1/3 of IMX (i.e. $2500), the corresponding market value of 380,000 DAU is $950 million, and the corresponding RON price is about $1.23**. This is a reasonable valuation under neutral to optimistic assumptions – 9x space. But the premise is: (1) DAU does not decline; (2) the GameFi track continues to rebound; (3) there are no major security incidents. All three conditions are indispensable.
10. Risk warning
- RON’s current position has already captured 36% of the single-day positive line, and there is great pressure for a short-term correction. The risk of chasing higher is significantly higher than the potential profit
- Saudi PIF investment and Coinbase Base interoperability integration are still market rumors. Without official confirmation, any refutation of the rumors will trigger a sharp decline
- The GameFi track as a whole is still in the deep bear market range, and the industry’s beta risk is higher than average.
- RON’s largest retracement in history -97.32%. There was a $625 million Bridge hack incident. The memory of security risks still exists
- Liquidity is concentrated in Katana DEX (85%) on the Ronin chain, while CEX liquidity is thin, and large-amount operations may have serious slippage
- Crypto-asset investment is extremely risky. This article is only for information collection and personal analysis. Does not constitute any investment advice. Please make independent judgments before making prudent decisions.
Conclusion
As I write this, almost two hours have passed. Looking back at RON, a +36% bullish line, I have three judgments in my mind:
First, this is not pure hype in the meme style. On-chain DAU, TVL, Bridge traffic, and DEX depth are all improving. This is a rebound supported by real ecology, not a pullback by air coins.
Second, there are differences in the authenticity of catalytic narratives. Pixels’ 2 million monthly active users are hard data, while PIF investment and Superchain integration are still rumors – the former supports long-term valuation repair, and the latter supports short-term sentiment premium. Real data + rumors have emotional resonance, which is often the strongest combination.
Third, the timing is quite good. In an environment where the entire market is shrinking in both volume and price, and risk appetite is extremely low, a small-cap old coin with a market value of 92 million can increase 36% in a single day and release 10 times the volume – There is definitely an advance layout of big funds behind this. This structure of “general market fear and early rebound of a single target” is often the leading signal of track rotation.
But then again, the win rate of chasing after +36% is always less than 50%**. Smart players will not chase today, but will wait until they reach a reasonable range before entering in batches. Patience is always the most scarce quality in this market.
GameFi 1.0 is dead. Whether GameFi 2.0 can still emerge depends on whether the on-chain data is sustainable in the next 6 to 12 months. Whether RON +36% is the starting gun for GameFi 2.0 still needs more “price and volume increases” to be confirmed by the market. The author will continue to track – no orders, no rhythm, just looking at the data.
Next time the big positive line comes again, the author will continue to dismantle it for you here.
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Further reading
- OKX Registration Guide: Compliant exchange account opening from scratch — OKX invitation link
- Full Binance registration process: identity authentication + fiat deposit tutorial — Binance invitation link
- Getting Started with GameFi: Complete Concepts of Chain Games, P2E, and F2P
- Small-cap coin investment risk management: position, stop loss, rhythm
Data source
- CoinGecko: https://www.coingecko.com/en/coins/ronin
- DappRadar Pixels page: https://dappradar.com/dapp/pixels
- Ronin Block Explorer: https://app.roninchain.com/
- DefiLlama Ronin: https://defillama.com/chain/Ronin
- The Block: https://www.theblock.co/